
08/05/2023
Liechtenstein plans to accept Bitcoin as legal tender for government services
The Principality of Liechtenstein seeks to allow using Bitcoin as a means of payment for government services, Prime Minister Daniel Risch said in an interview with Handelsblatt.
Risch added that making Bitcoin payment possible would be made a reality in the near future, but did not give any specific timeline in this regard.
In line with the current planning status, the principality will likely accept deposits made in Bitcoin. After that, it will instantly exchange them for its national currency, the Swiss franc, as Risch explained.
This approach is similar to that adopted in Swiss communities such as Lugano or Zug. In these communities, residents can use Bitcoin to pay for public services.
Liechtenstein is considered the 6th smallest country in the world. It is located Europe's middle between Austria and Switzerland.